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20110730
20110730
Search Results 0 to 20 of about 21 (some duplicates have been removed)
the votes to pass the harry reid plan in the united states senate. now this is not that big a surprise. in fact, we always knew he was going to have problems passing the bill. however, the wrinkle comes when the senate republican leader mitch mcconnell puts out a letter just a little while ago essentially telling the world that he had 43 republicans assigned on opposing senator reid's bill. you see it, part of the text, given the nation's enormous future spending challenges, it will be irresponsible to gift president this unprecedented additional borrowing authority without requiring the enactment of significant spending reductions and reforms. so 43 republicans say they will not vote for the bill as it is written. and mccain -- i'm sorry, mcconnell is pressing this point by saying he would like to see a vote now on the senate floor. but republicans would like a little time to work on the language and perhaps scare up some more support. let's listen to what mcconnell said a little while ago on the senate floor. >> so we have the astonishing development here that my good friend, the maj
. it unfortunately happened in this situation, in this place, we're never hoping for a big, destructive system, but when there's the possibility of it bringing some heavy rainfall to places that desperately need it, you want it to happen. in this case, it did not. however, there is the possibility that we may see some development of a different system out in the atlantic. we're going to watch it. it's still days away from affecting anyone at all, and it may not happen at all, but we're still going to watch it for you very carefully. another thing we're watching that is dangerous potentially is the heat. the heat is still relentless across parts of the central plains and back in the midwest. also the northern half of the map, western great lakes, upper midwest, there is going to be a chance that we have some severe storms developing later in the day. severe thunderstorms, deadly lightning a possibility, large hail, maybe even some tornadoes late in the afternoon hours, perhaps even into the early evening. but heat is going to be the major thing that's going to be dangerous for people today. dal
to the european style of big government, that his policies have set in motion. to democrats in washington, the answer isn't to cut spending, but to raise taxes and keep on spending. republicans believe we must solve our debt crisis. and we believe we can solve it if democrats will work with us. >> all right. we do have our correspondents up early this morning. athena jones at the white house for us this morning, also our joe johns, keeping an eye on capitol hill. joe, let me start with you, forget all the symbolic votes, the one we saw yesterday could see another one today this early afternoon. forget that stuff. what is a real possibility of happening right now? how are they going to get this done? >> okay. first, you got to say, this is a poisonous environment on capitol hill and in washington in general, but the way the democrats have been able to do this before is they've reached out to a group of potentially persuadable senators in the middle. these would be people who can sort of move in, take a look at this thing, try to fashion some kind of language that you might call a compromis
of times on the saturday and sunday morning sessions when there is something big going on. you want the principals to get in the room and figure out how they will work this out. you want reid or his representative or mcconnell or his representatives. somebody from the white house to get into a room and talk this thing over and figure out what they will do in the next 48 hours going forward. that is the most important thing. our people will comb the capitol to figure out what the meetings are going on. >> good luck with that. we know about the two proposals by reid and boehner. folks on capitol hill said they are not too far apart. >> no. they are not too far apart. there is tricky stuff in there. one of the things that makes reid different from boehner is reid's plan considers cost savings as the winding down of the iraq and afghanistan wars. that is $1 trillion of difference. the boehner plan doesn't consider the winding down of the afghanistan and iraq wars. another thing that is in there that is very different from the democrat and republican ideas is boehner has this balanced bu
some that said that the republicans had a big win, they should have taken advantage of it this time last week and got us past this crisis. >> well, maria, that some he may speak of, some could be one, two, three, four, or five, but those some seem pretty powerful right now. >> well, that's exactly the point, t.j. and i wrote a piece on cnn.com about this, it's called the tyranny of 87. which is, when you put that much power in the hands of a very small group of people, especially people who have never governed before, have no interest in compromising, and are so inflexible and it's either their way or the highway, the american people at the end of the day are the ones who are going to get hurt. because a couple things may happen. if we go into default or if our credit rating is lowered to aa, which the tea partyers don't think is a big deal, there will be a huge tax increase on every single american in this country in the way of increased interest rates. so for a group of people who are just adamantly against tax increases, this is not something that they understand. and that is som
just last hour on capitol hill. not only do the two sides have big differences over how to raise the ceiling and avoid default, they can't even agree on whether they're making progress. democratic senate leader harry reid and republican senate leader mitch mcconnell on the senate floor moments ago. look. >> today the speaker republican leader held a press conference to announce they're in talks with the president and that a bargain to raise the debt ceiling is in the works and is close. in president, members of the senate, that's not true. i just spent two hours with the president, vice president, and leader pelosi, and it's fair for me to say that the engagement there is not in any meaningful way. the speaker, republican leader should know that merely saying we have agreement in front of a few television cameras doesn't make it so. >> the fact of the matter is that the only way we're going to get an agreement before tuesday is to have an agreement with the president of the united states. and the only person in america of the 307 million of us who can sign something into law. and
as people pay money to pose with the bike. >> i think there's a big bike ride across iowa where they start at the missouri river and they end up at the mississippi river, i bet that's part of this. >> that's good stuff, people enjoying themselves outside whether it's hot or not. thanks, jacqui. >>> guess what? the murphs, they're back, and on the big screen. these little guys are looking to make a whole lot of green. >>> cowboys, aliens and some little blue cartoon characters, they're all hitting the big screen this weekend and our movie critic gray drake joins us. last week you had a little tinker bell thing, i was expecting to see a blue cowboy hat today. >> well, tinker bell has flown away to never land and my cowboy hat i left at home. >> rock star katie perry, among those finding her way into the smurf's movie. she's being a little smurfette. let's check out the gang in blue. >> this summer. [ screaming ] >> do not be fooled by their cuteness. >> now it's allowing you. >> of all the people on the planet, those magical little creatures came to us. >> no, it's not happening. >> ticklish
rates go up. credit cards, mortgage rates, auto loan rates. you mentioned august 3rd, that big social security payment? according to many republicans, unless we default on an actual debt we don't have to get our debt downgraded. according to s & p and ben bernanke, if you default on any payment you're supposed to make, even if it's not to a bond holder you could face that. >> republicans who say, look, i don't buy it's this big catastrophe waiting to hit after august 2nd. >> reporter: they absolutely could be right. but anderson, you and i were together on september 15, 2008 after they decided a lot of smart people decided to let lehman brothers fail thinking it's not that big of a deal. i don't know which way it's going to go. i don't know if we should be playing with fire like this. >> john, what do you make of jessica's reporting that she's hearing mitch mcconnell is wanting president obama to be at the table in any negotiations? >> as a couple of political reasons for that in the sense that then you can't cut a deal then the white house will say we're going to try this. to move th
, a big thumbs down over there, and then -- then -- we will move on. but the number of votes on either side really doesn't matter so much as this number. the number of days and hours now left until the money runs out. this is what we've been warning about for weeks and weeks. still, the vote today was enough to al lookout low the republica spike the ball into boehner's court. and he did so with a vengeance. >> i struck my neck out a mile to try and get in agreement with the president of the united states. i stuck my neck out a mile. and i put revenues on the table. in order to try to come to an agreement to avert us being where we are. but a lot of people in this town can never say yes. a lot of people can never say yes. this house has acted. and it is time for the administration and time for our colleagues across the aisle, put something on the table. tell us where you are! >> well, over in the senate, what they are putting on the table is mr. boehner's bill. they'll kill it over there. that's under way right now. we'll let you wln voting is done on that. this makes the vote tonight i
harry reid speak moments ago, a big thumbs down over there, and then -- then -- we will move on. but the number of votes on either side really doesn't matter so much as this number. the number of days and hours now left until the money runs out. this is what we've been warning about for weeks and weeks. still, the vote today was enough to allow the republicans to spike the ball into boehner's court. and he did so with a vengeance. >> i struck my neck out a mile to try and get in agreement with the president of the united states. i stuck my neck out a mile. and i put revenues on the table. in order to try to come to an agreement to avert us being where we are. but a lot of people in this town can never say yes. a lot of people can never say yes. this house has acted. and it is time for the administration and time for our colleagues across the aisle, put something on the table. tell us where you are! >> well, over in the senate, what they are putting on the table is mr. boehner's bill. they'll kill it over there. that's under way right now. we'll let you when the voting is done on
's a package that could pass. >> reporter: the big question is what's going to happen over here in the united states senate. they have this bill they continue to work on. the big question for them is whether all the adults are going to get in a room, talk about this thing and hash out something that looks like a compromise. we have pictures of republican leader mcconnell on the floor -- >> he's talking right now. >> reporter: and the point with him is that he has actually told democrats he doesn't want to sit down with them unless a representative from the white house is in the room. so the question is, why is that? it's pretty obvious. he says that senate democrats do not have the authority to sign off on anything unless the president agrees to it. so it sounds like he just doesn't want to waste his time. >> in the meantime, they're wasting our time. barney frank talked about the top earners in the country. the top 1% of earners in this country have an effective tax rate on their income of 19%. think about that as we listen in to senate minority leader mitch mcconnell right now. >> in the ho
of the kids at children's hospitals. congress member michael burgess is a big backer of programs to train pediatric specialists. with medicaid, we are facing tough choices. >> it will require more money. that more money will come from somewhere. does that mean a lessening of benefits for people on the program currently and evening out? when you have a finite number of resources, something has to give. >> that is a reminder that the budget negotiations you hear about involve lots of choices and numbers. there are real people behind the numbers like mimi and max. >>> coming up, a decision affecting workers who say they got sick in cases after they rushed to help after the world trade center collapse on 9/11. t. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important part of staying active and strong. new ensure high protein... fifty percent of your daily value of protein. low fat and five grams of sugars. see? he's a good egg. [ major nutrition ] new ensure high protein. ensure!
there's a big difference between the two. so the comparison doesn't really ring true with me because we can't do things like raise taxes. only thing we can do is get job number three and four. it's important to, of course, look at your own budget and own debt levels. in terms of the government's situation, it's very, very different. i don't think the comparison really gels for right now. again, we can't raise the money like they can. >> right. >> we have to pay attention to how much debt we're holding on to and how much we're paying for it. if the rating changes of our country and debt. >> your rate may go up. >> our rates are going to change and that's going to cost a lot. >> i agree that it's not the same. i would say the closest annualo for many people is how much money they have invested in their house which may not be worth what it was when they paid for it. >> this is huge. we had a big report from pew research center about the drop in minority wealth. the biggest culprit is the housing market. so much of the net worth put in the housing market. the best thing you can do in times
is not only limited in the u.s., but also in europe. we cannot say the u.s. is not powerful now. as a big u.s. debt-holder, china will for sure be affected. >> reporter: and in australia, too. >> it makes it much more expensive for tourists to visit australia. those parts of our economy exposed to the tourist sector, we've spent a lot of money promoting australia overseas, are not going to benefit from that. >> reporter: in tokyo some economic experts see history repeating itself. they compare the current u.s. debt crisis to japan's crippling recession of the 1990s. >> it's the exact replay of what we went through in japan 10, 15 years ago. >> reporter: however the debate plays out in washington, experts say the financial ripples will be felt around the world. >> it's an issue that really is lurking in the background of each and every economy of the world. >> reporter: jonathan mann reporting. >> so what will it take to find a solution to our debt crisis? all the hurdles and options are broken down. don't miss "get it done" sunday night, 9:00 eastern time only on cnn. >>> turning overseas n
. there is big cracks in the ground where they were just little cracks. and it is just getting worse. >> unbelievable. another sign of the worsening drought this week is ponds evaporate, ranchers are selling their cattle early at a loss. this is likely to translate into higher food prices for all of us. >>> just three days until possible default and still no solution in sight. the u.s. senate rejected a u.s. house plan to raise the debt ceiling last night. and in just a few minutes or so, the house is expected to block a senate plan to raise the debt ceiling. democrats and republicans continue to spar on capitol hill. >> this is not a crisis which we couldn't control. this isn't an earthquake or a tornado or a hurricane. it isn't a war. it is a created political crisis. the extension of the debt ceiling has been done routinely 89 times since 1939, 55 times by republican presidents, 34 times by democratic presidents, and president ronald reagan holds the record having extended the debt ceiling 18 times in eight years without a confrontation, without the american economy threatening a
had there. clearly one of the big problems, whichever side of the argument you're on, is the republican party is split, isn't it, between the likes of mr. chaffetz there who are completely resolutes to any concept to raising the debt ceiling or bringing taxation in for earning that way. then you have the others, speaker boehner's corner, who can't get their bill through the senate. where are we with this? >> well, there's clearly a -- an internal battle between on between the republican party now. you have a group of what i would say are extremist tea party republicans who basically have stronglehold over the matter. the details seems to be wagging the dog. in chaffetz who is a nice person, who i've had lovely conversations with on the house floor, really is clearly one of the obstructionists. he says they've bent over backwards? he believes his version of compromise is just the vote to raise the debt ceiling. that's -- at a minimum what we should be doing. that's not a component of compromise. a component of compromise that the american people clearly want us to do i
that you tell us about. you still have time to nominate someone you know who's making a big difference in your community or another community. go to cnnheroes.com. that d's it for us. thanks for watching. have a great weekend. i'll see you on monday. piers morgan tonight starts now. legislation. the proposal i put forward is a compromise. we changed it even more today. we would have changed it even more, but as i indicated on the floor, we had no one to negotiate with. the republican leader said he wouldn't negotiate with me. i don't know whose that is. not mine. >> your pizza's ready. >> it really is a worst possible time to be conducting a filibuster. they are forcing to us wait until tomorrow morning at -- let's see. today is still friday. until sunday morning at 1:00 a.m. to have this vote. our economy hangs on the balance. and for the first time in the history of our country, unless there is a compromise, or they accept my bill, we're headed for economic disaster. it's time for the republicans to step forward. there's been some movement today. we've -- as indicated on the floor, i
people that you tell us about. you still have time to nominate someone you know who's making a big difference in your community or another community. go to cnnheroes.com. that d's it for us. thanks for watching. have a great weekend. i'll see you on monday. piers morgan tonight starts now. for the first time in the history of our country unless there is a compromise or they accept my bill, we're headed for economic disaster. it's time for republicans to step forward. there's been some movement today. as i indicated on the floor, i was having a meeting in my office this afternoon with some splun and that fell through. as they were walking into a conference, three republican senators said they were interested in my bill, interested in compromise. they need to step forward. muns are blocking -- republicans are blocking their ability to kproomize, refusing to negotiate with us. all they do is talk, enough to get done. the house will hold an up or down vote i'm told on my proposal. we should be allowed to do the same. that's all we're asking. it's time for us to be adult. it's time to c
perspective there. one of the big i guess thought processes on both sides is who loses most. if america goes to default. obviously, number one, the american people. but would it be a massive blow to the democrats or more of a blow to republicans? >> i think it will be a blow to both, probably roughly equal, depending on how you look at it. and i believe it would have to lay mostly at the feet of the president. chief executive of the united states. if you can't get a budget together and deal with debt as chief executive of the country, then you're a pretty weak leader. the reality is -- you have to put this in context. the problem isn't the crisis we're going through right now. the problem is the totally unprecede unprecedented, out of control spending we're doing. the president of the united states has come to congress asking them to increase the debt ceiling more than any president has ever asked, ever. i mean this is way beyond any president has ever asked. he wonders, why do they want to reduce spending? because he's asking for a bigger increase in debt than any president ever asked. >> b
as the vice president and that he says they are fully engaged in serious negotiations. that is a big statement. i'll tell you almost as quickly as we heard that come from the top republican in the senate we also heard from senate majority leader harry reid as he was returning to the capitol from a meeting at the white house with the president. he was asked if they were any closer to an agreement and reid said very firmly no. one reason could be is we're hearing from democratic leadership aides in the senate, the possible pessimism they said republicans have not moved off from their position that they support the house speaker john boehner's bill. what we're seeing a lot of is a lot of back and forth here. it is a very fluid situation as you know, wolf. one thing we're keeping our eye on is potential for a very late night, 1:00 a.m. vote, the first test, a test vote for senator reid's proposal to raise the federal debt ceiling as he's pushing that proposal forward at the same time. >> they need 60 votes for reid's proposal to get through the senate because the republicans at least some of them
Search Results 0 to 20 of about 21 (some duplicates have been removed)